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What is Forex ?


One of the most intriguing markets in the world right now is the Foreign Exchange Market. What people popularly call fx trading, currency trading or forex exchange happens in this market.

In the most simple explanation, the foreign exchange market is where currencies are traded. It is currently the largest and most liquid market in the world. It averages a daily trading volume of almost five trillion dollars. Even if all the stock markets in the world combined, all those markets would still be overshadowed by the immenseness of the forex market.

Fx, foreign exchange or currency exchange is commonly tagged as forex. Large financial institutions, organizations, companies, banks, and rich investors are experts in forex trading. They have found greater trading potentials that other investments cannot cater.

Currencies are very significant. These are medium for exchange and without it, people cannot conduct trades and businesses. If a person who lives in America wants to buy a product in Europe, that person has to pay in euros to conduct a trade. That person has to pay in Euros to purchase that particular product. A tourist traveling in China cannot pay in the dollar to see the Great Wall since the dollar is not the accepted currency in China. Hence, the tourist should first exchange the dollar with the Chinese Yuan before seeing that fantastic landscape.
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